The prices in real estate in Burradoo, in the New South Wales region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Burradoo has had a strong decrease during the last 6 months. In October, the average price per m² was $810. In the following month the price per m² decreased considerably to $413. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per m² has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $583.75 to $622 during February, and March.
Based upon to the price in Burradoo (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,976,250. During November the price had a considerable reduction till $1,241,875. During the following two months (December, January) the average price had a considerable reduction of 38 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,112,606.5 to $671,685, which means a 60 % fall.